Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,453 shares, a growth of 154.5% from the September 30th total of 964 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 23,637 shares, the days-to-cover ratio is currently 0.1 days.
Hennessy Capital Investment Corp. VIII Trading Down 0.1%
NASDAQ:HCIC traded down $0.01 during mid-day trading on Friday, hitting $9.97. The stock had a trading volume of 4,919 shares, compared to its average volume of 33,321. Hennessy Capital Investment Corp. VIII has a twelve month low of $9.79 and a twelve month high of $10.04. The company’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.95.
Institutional Trading of Hennessy Capital Investment Corp. VIII
A hedge fund recently bought a new stake in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP bought a new position in shares of Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned 0.17% of Hennessy Capital Investment Corp. VIII at the end of the most recent quarter. 74.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings assumed coverage on Hennessy Capital Investment Corp. VIII in a research note on Thursday, August 13th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Hennessy Capital Investment Corp. VIII has an average rating of “Sell”.
View Our Latest Stock Analysis on Hennessy Capital Investment Corp. VIII
Hennessy Capital Investment Corp. VIII Company Profile
Hennessy Capital Investment Corp. VIII (NASDAQ: HCIC) is a special purpose acquisition company (SPAC). Rather than operating a conventional business, the company was established to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.
As a blank-check company, Hennessy Capital Investment Corp. VIII does not offer branded products or services of its own.
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